CalPERS Responds

Pension Security



Myths vs. Facts

Myth: Government workers don’t contribute to their pensions; taxpayers are on the hook to pay those costs. | Facts

Myth: CalPERS pensioners can "goose" their retirement benefit upward by manipulating the income that gets included in their final year of compensation. | Facts

Myth: The average CalPERS pensioner gets 80 percent of their pay. | Facts

Myth: CalPERS Board is focused on benefit enhancements. | Facts

Myth: Police and firefighters retire at age 50 with 90 percent of pay. | Facts


Issues Update

Study Shows Public Employees Earn Significantly Less Than Private Sector Workers
May 3, 2010
Public employees earn more than 10 percent less than their private sector counterparts and better pension and health care benefits do not make up the difference, according to a new study.
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California Retirement Dialogue
March 1, 2010
The California Retirement Dialogue is a series of Web conferences and issue forums hosted by CalPERS to promote greater understanding of public pension issues.
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California Retirement Dialogue Resource Materials
February 22, 2010
CalPERS has prepared a series of documents for the California Retirement Dialogue which provides detailed background information on topics related to the emerging public discussion of retirement issues and CalPERS pension benefits.
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Poll: Voters Believe Public Pensions About Right
October 21, 2009
A recently released public pension poll showed a plurality of California voters believe public employee pension benefits are about right.
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CalPERS Benefits Are Secure
September 23, 2009
Despite the recent decline in CalPERS pension asset values caused by the severe economic recession, benefits for CalPERS members and retirees remain secure.
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Insight

Conversations with CalPERS Leaders
Pensions: Setting the Record Straight
Filmed: August 26, 2009



Patricia Macht, CalPERS Director of External Affairs, sets the record straight about pensions of more than $100,000 for some retired public employees. Learn who gets these pensions and why.

View this chart to see how the majority of CalPERS retirees get less than $2,000 a month in pension.


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